David Taran is a firm believer in pursuing a diverse and balanced life. David is a licensed real estate broker in the state of California and a practicing lawyer for California, New York, Florida, and Quebec. As the co-founder of Sunstar Capital, David brings more than 26 years of experience that includes many different aspects of the investment process including negotiation, acquisition, finances, development, redevelopment, construction, and investment and property management.
Sunstar Capital is a recently launched commercial real estate company focused on high-growth markets in the Western United States. The venture utilizes the merging of several seasoned professionals, including co-founder, Mark Skeen.
Prior to his work at Sunstar, David was the founder of Divco West Properties, and also worked as a managing partner at his family’s manufacturing and retailing business. This venture, which operated on a global scale, gave him a perfect place to hone his diverse skill set that he continues to use today. As a partner, he worked on capital investments, strategic and financial planning, sales, real estate acquisitions, real estate negotiation, and currency trading and management.
David Taran also worked as a practicing attorney at Graham & James in Los Angeles. There, he specialized in Tax, Corporate, and Real Estate law. David holds a DEC degree from McGill University, an L.L.L degree from the University of Ottawa, a J.D. degree from Columbia University, and a Masters in Tax Law from New York University.
Throughout the span of his career, David has acquired $2.3 billion in real estate, which includes over 700 acres of land, 1,800 multi-family residential units, 449 hotel rooms, and 13.8 million square feet of buildings. David’s successful record is a testament to his diverse and balanced portfolio. David credits his rich portfolio to his earlier roles in as a managing partner and practicing attorney.
Meaningful, Mindful and Balanced
On a personal level, David is an advocate for creating a balanced, meaningful life. Despite his success, David upholds that a life filled with meaning and intent is far more enjoyable than a profitable one. To this end, he continues to support Project Happiness, a thriving non-profit started by his wife, Randy. Project Happiness is dedicated to providing the tools and resources needed for individuals to live an empowered, happier life.
David is proud to support the organization and serves on the board of directors. As a board member, David brings his unique experience and skill set to the table in an advisory capacity. His personal interest in the organization’s mission combined with his professional knowledge makes him an invaluable member of the board and his local community.
David’s continued passion for promoting greater happiness and meaning in everyday life continues to launch his career and leadership skills in exciting directions.
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Although many people outside of the real estate world are unaware of it, there are many ways that someone can invest in real estate without taking on all of the costs, risks, and headaches of property ownership. While there some substantial benefits that come with traditional fee-simple ownership, such as long-term appreciation and the absolute right to alter the property, however, the owner sees fit, there are also considerable drawbacks. And the biggest of those is the often-huge sums of money required to even make a down payment in today’s high-priced housing market.
In this article, we’ll take a look at some of the ways that small investors or those new to the real estate industry can get their feet wet in real estate without taking the head-first plunge of purchasing a property outright.
Real Estate Investment Trusts
Real estate investment trusts, also known as REITs, have been around since the 1960s. They are similar to mutual funds, and they allow a way for smaller investors to buy into big-ticket real estate projects for relatively tiny amounts of capital. Like any other kind of equity investment, REITs can run the gamut, from high quality and low risk to high risk with little chance of solid returns. For this reason, even investors who don’t have a lot of capital to invest must take care to perform due diligence and understand the workings of any REIT into which they buy. The downside is that many of these operations are extremely complex and require a solid understanding of the real estate industry to accurately assess.
Hard Money Lending
Most banks and other major lending institutions have hard rules about who they lend to, how much they lend and how much money they require as a down payment. While the largest real estate developers often have access to bridge financing and other short-term credit vehicles, many smaller real estate developers and home flippers do not. This is where hard money lenders come into play.
For the fix-and-flipper or the landlord looking to make an improvement to a property that they have not yet bought to put it in a higher rental bracket, the 20 to 30 percent down that a bank may require to underwrite the loan may be outside of their budget. As a hard money lender, you may be able to cover the shortfall while negotiating a substantial service fee and an interest rate far higher than prevailing mortgage rates.
For those visiting Northern California and looking for a nice laid-back city to explore, Palo Alto is the perfect option. Smack in the heart of Silicon Valley, famous for being the birthplace of Google and Facebook, and the location of Stanford University, Palo Alto is one of the few places in the area — apart from San Francisco — that is truly walkable. It is also very easy to get to Palo Alto by car, as travelers can reach it from both the 280 and 101 highways. There are also trains to the city from San Francisco and other cities. Here are some notable places to see while in Palo Alto.
Downtown Palo Alto
Downtown Palo Alto is known for having plenty of great restaurants and shops, most of which are conveniently located right on University Avenue. While visiting there it is also possible to visit the famous Hewlett Packard garage. For those who want to support the local community, every Sunday there is a farmer’s market right on California Avenue.
No trip to Palo Alto is complete without visiting the world-famous university. Their visitors are free to hang out on its gorgeous lawns and visit its museums. Visitors can also view the campus church, which is impressive in its own right.
The Stanford Shopping Center
For those who would like to do some shopping while they are visiting Palo Alto, the Stanford Shopping Center is a great place to check out. It has nearly 150 shops, plus large department stores such as Macy’s, Nordstrom and Neiman Marcus. There are also many restaurants as well as a market that offers fresh produce.
Cantor Arts Center
The Cantor Arts Center is a great place to go for those who want to spend a day perusing fine art. There are more than 20 art galleries in the facility as well as gardens, courtyards, and terraces. Some consider the museum as good as anything in New York or San Francisco. The best part of it all? There is no admission charge.
The Stanford Theater
A visit to the Stanford Theater is like going back in time. Their visitors can view a movie theater that has changed little from its original structure in more than 100 years. The theater also shows double features of classic films. Admission is very affordable, and so is the popcorn!